Invest Securities reiterates its 'buy' recommendation and price target of 228 euros on Sopra Steria, the day after the IT services company announced an agreement to buy Ordina.

While acknowledging that the timing of the deal "is not ideal", the research department believes that "the opportunity was not to be turned down" and that the purchase of Ordina, "whose DNA is very close to that of Sopra", is fully in line with the strategy pursued by the new CEO.

Sopra is building a strong position in the Benelux countries and increasing its exposure to the public sector, without compromising its growth and profitability, and with a significant accretive impact", the analyst underlines.

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